Locally-listed
Ukrainian equities finished mostly lower on Friday (Apr 17), dragged down by
slumping heavyweight UkrNafta (UNAF), which matched its Thursday performance
with another 3.8% loss to end at UAH 250. News that Finance Minister Natalia
Jaresko rejected a maturity extension offer from Ukraine’s sovereign creditors
on the grounds that it provides insufficient debt relief, appeared too late to
affect trading. The UX index declined by 0.7% to finish at 1014 points,
supported by small gains in other blue chips. Motor Sich (MSICh) was essentially
unchanged at UAH 2608 while CentrEnero (CEEN) climbed by half a percent and
Raiffeisen Aval (BAVL) added 0.6% to 9.72 kopecks. Among positive news for
Ukrainian economy over the day was the EU’s approval of a disbursement of an EUR
1.8bn loan to Kyiv. In London, Ferrexpo (FXPO) retreated by 2.8% to GBp 68.25
and MHP (MHPC) corrected by 3.5% to USD 11.00. Warsaw-listed Kernel (KER) and
Ovostar (OVO) each gained 4.3%, with the former ending the week at PLN
38.60.
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